Serey Terms of Service

Last Updated January 1, 2018

Welcome to Serey! These Terms of Service (“Terms”) apply to your access to and use of serey.io and any other products or services that link to these Terms (“Serey”). Serey is provided by Serey, Inc. (“Serey”, “we” or “us”). By accessing or using Serey, you agree to be bound by these Terms. If you do not agree to these Terms, including the mandatory arbitration provision and class action waiver in Section 14, do not access or use Serey. If we make changes to these Terms, we will provide notice of those changes by updating the “Last Updated” date above or posting notice on Serey. Your continued use of Serey will confirm your acceptance of the changes.

You understand and agree that these Terms apply solely to your access to, and use of, Serey and that, when you use other Serey services such as serey.io or Sereygifts.com, the terms and policies particular to those services apply.

1. Privacy Policy

Please refer to our Privacy Policy for information about how we collect, use and disclose information about you.

2. Eligibility

Serey is not targeted towards, nor intended for use by, anyone under the age of 13. You must be at least 13 years of age to access or use Serey. If you are between 13 and 18 years of age (or the age of legal majority where you reside), you may only access or use Serey under the supervision of a parent or legal guardian who agrees to be bound by these Terms.

3. Copyright and Limited License

Serey contains data, text, photographs, images, video, audio, graphics, articles, comments, software, code, scripts and other content supplied by us, the serey blockchain or our licensors, which we call “Serey Content.” Serey Content is protected by intellectual property laws, including copyright and other proprietary rights of the United States and foreign countries. Except as explicitly stated in these Terms, Serey does not grant any express or implied rights to use Serey Content.

You are granted a limited, nonexclusive, non-transferable, and non-sublicensable license to access and use Serey and Serey Content for your personal, non-commercial use. This license is subject to these Terms and does not include any right to: (a) distribute, publicly perform or publicly display any Serey Content; (b) modify or otherwise make any derivative uses of Serey or Serey Content, or any portion thereof; (c) use any data mining, robots or similar data gathering or extraction methods; and (d) use Serey or Serey Content other than for their intended purposes. Any use of Serey or Serey Content other than as authorized in these Terms is strictly prohibited and will terminate the license granted herein. This license is revocable at any time.

4. Adult-Oriented Content

Serey is intended for a general audience and, as a result, some Serey Content may discuss or depict adult-oriented topics. We realize that this content may not be appropriate or desirable for some of our readers depending on their current location, age, background or personal views. As a result, we mark this content as Not Safe For Work (“NSFW”).

Marking Serey Content as NSFW does not prevent you from being able to access this content but, instead, helps you make informed decisions about the type of content you view on Serey. You understand and agree that you access content marked as NSFW at your own risk.

5. Trademarks

“serey,” “ Serey,” the Serey logo and any other product or service names, logos or slogans that may appear on Serey are trademarks of Serey and may not be copied, imitated or used, in whole or in part, without our prior written permission. You may not use any metatags or other “ hidden text” utilizing “Serey” or any other name, trademark or product or service name of Serey without our prior written permission. In addition, the look and feel of Serey, including, without limitation, all page headers, custom graphics, button icons and scripts, constitute the service mark, trademark or trade dress of Serey and may not be copied, imitated or used, in whole or in part, without our prior written permission. All other trademarks, registered trademarks, product names and company names or logos mentioned or used on Serey are the property of their respective owners and may not be copied, imitated or used, in whole or in part, without the permission of the applicable trademark holder. Reference to any products, services, processes or other information by name, trademark, manufacturer, supplier or otherwise does not constitute or imply endorsement, sponsorship or recommendation by Serey.

6. Assumption of Risk, Limitations on Liability & Indemnity

6.1. You accept and acknowledge that there are risks associated with utilizing an Internet- based serey account service including, but not limited to, the risk of failure of hardware, software and Internet connections, the risk of malicious software introduction, and the risk that third parties may obtain unauthorized access to information stored within your Account, including, but not limited to your Private Key (as defined below at 10.2.). You accept and acknowledge that Serey will not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using the Services, however caused.

6.2. We will use reasonable endeavours to verify the accuracy of any information on the Service but we make no representation or warranty of any kind, express or implied, statutory or otherwise, regarding the contents of the Service, information and functions made accessible through the Service, any hyperlinks to third party websites, nor for any breach of security associated with the transmission of information through the Service or any website linked to by the Service.

6.3. We will not be responsible or liable to you for any loss and take no responsibility for and will not be liable to you for any use of our Services, including but not limited to any losses, damages or claims arising from: (a) User error such as forgotten passwords, incorrectly constructed transactions, or mistyped serey addresses; (b) Server failure or data loss; (c) Corrupted Account files; (d) Unauthorized access to applications; (e) Any unauthorized third party activities, including without limitation the use of viruses, phishing, bruteforcing or other means of attack against the Service or Services.

6.4. We make no warranty that the Service or the server that makes it available, are free of viruses or errors, that its content is accurate, that it will be uninterrupted, or that defects will be corrected. We will not be responsible or liable to you for any loss of any kind, from action taken, or taken in reliance on material, or information, contained on the Service.

6.5. Subject to 7.1 below, any and all indemnities, warranties, terms and conditions (whether express or implied) are hereby excluded to the fullest extent permitted under Luxembourg law.

6.6. We will not be liable, in contract, or tort (including, without limitation, negligence), other than where we have been fraudulent or made negligent misrepresentations.

6.7. Nothing in these Terms excludes or limits liability for death or personal injury caused by negligence, fraudulent misrepresentation, or any other liability which may not otherwise be limited or excluded under United States law.

7. Agreement to Hold Serey Harmless

7.1. You agree to hold harmless Serey (and each of our officers, directors, members, employees, agents and affiliates) from any claim, demand, action, damage, loss, cost or expense, including without limitation reasonable legal fees, arising out or relating to:

7.1.1. Your use of, or conduct in connection with, our Services;

7.1.2. Any feedback or submissions you provide (see 19 below);

7.1.3. Your violation of these Terms; or

7.1.4. Violation of any rights of any other person or entity.

7.2. If you are obligated to indemnify us, we will have the right, in our sole discretion, to control any action or proceeding (at our expense) and determine whether we wish to settle it.

8. No Liability For Third Party Services And Content

8.1. In using our Services, you may view content or utilize services provided by third parties, including links to web pages and services of such parties (“ Third Party Content”). We do not control, endorse or adopt any Third-Party Content and will have no responsibility for Third Party Content including, without limitation, material that may be misleading, incomplete, erroneous, offensive, indecent or otherwise objectionable in your jurisdiction. In addition, your dealings or correspondence with such third parties are solely between you and the third parties. We are not responsible or liable for any loss or damage of any sort incurred as a result of any such dealings and you understand that your use of Third Party Content, and your interactions with third parties, is at your own risk.

9. Account Registration

9.1. You need not use a Serey Account. If you wish to use an Account, you must create an Account with Serey to access the Services (“ Account”). When you create an Account, you are strongly advised to take the following precautions, as failure to do so may result in loss of access to, and/or control over, your Wallet: (a) Create a strong password that you do not use for any other website or online service; (b) Provide accurate and truthful information; (c) Maintain and promptly update your Account information; (d) maintain the security of your Account by protecting your Account password and access to your computer and your Account; (e) Promptly notify us if you discover or otherwise suspect any security breaches related to your Account.

9.2. You hereby accept and acknowledge that you take responsibility for all activities that occur under your Account and accept all risks of any authorized or unauthorized access to your Account, to the maximum extent permitted by law.

10. The Serey Services

10.1. As described in more detail below, the Services, among other things, provide in-browser (or otherwise local) software that (a) generates and stores serey ACCOUNT Addresses and encrypted Private Keys (defined below), and (b) Facilitates the submission of serey transaction data to the serey network without requiring you to access the serey command line interface.

10.2. Account Names and Private Keys. When you create an Account, the Services generate and store a cryptographic private and public key pair that you may use to send and receive serey and serey Dollars via the serey network.. The Private Key uniquely matches the Account Name and must be used in connection with the Account Name to authorize the transfer of serey and serey Dollars from that Account. You are solely responsible for maintaining the security of your Private Key and any password phrase associated with your wallet. You must keep your Account, password phrase and Private Key access information secure. Failure to do so may result in the loss of control of serey, serey Power and serey Dollars associated with the Wallet.

10.3. No Password Retrieval. Serey does not receive or store your Account password, nor the unencrypted keys and addresses. Therefore, we cannot assist you with Account password retrieval. Our Services provide you with tools to help you remember or recover your password, including by allowing you to set password hints, but the Services cannot generate a new password for your Account. You are solely responsible for remembering your Account password. If you have not safely stored a backup of any Account Names and password pairs maintained in your Account, you accept and acknowledge that any serey, serey Dollars and serey Power you have associated with such Account will become inaccessible if you do not have your Account password.

10.4. Transactions. In order to be completed, all proposed serey transactions must be confirmed and recorded in the serey public ledger via the serey distributed consensus network (a peer-to-peer economic network that operates on a cryptographic protocol), which is not owned, controlled or operated by Serey. The serey Network is operated by a decentralized network of independent third parties. Blockchain has no control over the serey network and therefore cannot and does not ensure that any transaction details you submit via the Services will be confirmed via the serey network. You acknowledge and agree that the transaction details you submit via the Services may not be completed, or may be substantially delayed, by the serey network. You may use the Services to submit these details to the network.

10.5. No Storage or Transmission of serey, serey Dollars or serey Power. serey, in any of its forms (serey, serey Dollars and serey Power) is an intangible, digital asset. They exist only by virtue of the ownership record maintained in the serey network. The Service does not store, send or receive serey. Any transfer of title that might occur in any serey, serey Dollars or serey Power occurs on the decentralized ledger within the serey network and not within the Services. We do not guarantee that the Service can effect the transfer of title or right in any serey, serey Dollars or serey Power.

10.6. Relationship. Nothing in these Terms is intended to nor shall create any partnership, joint venture, agency, consultancy or trusteeship, you and Serey being with respect to one another independent contractors.

10.7. Accuracy of Information. You represent and warrant that any information you provide via the Services is accurate and complete. You accept and acknowledge that Serey is not responsible for any errors or omissions that you make in connection with any serey transaction initiated via the Services, for instance, if you mistype an Account Name or otherwise provide incorrect information. We strongly encourage you to review your transaction details carefully before completing them via the Services.

10.8. No Cancellations or Modifications. Once transaction details have been submitted to the serey network via the Services, The Services cannot assist you to cancel or otherwise modify your transaction details. Serey has no control over the serey Network and does not have the ability to facilitate any cancellation or modification requests.

10.9. Taxes. It is your responsibility to determine what, if any, taxes apply to the transactions you for which you have submitted transaction details via the Services, and it is your responsibility to report and remit the correct tax to the appropriate tax authority. You agree that Serey is not responsible for determining whether taxes apply to your serey transactions or for collecting, reporting, withholding or remitting any taxes arising from any serey transactions.

11. Fees for Using the Serey Services

11.1. Company Fees Creating an Account. Serey does not currently charge fees for any Services, however we reserve the right to do so in future, and in such case any applicable fees will be displayed prior to you using any Service to which a fee applies.

12. No Right To Cancel And/Or Reverse serey Transactions

14.1. If you use a Service to which serey, serey Dollars or serey Power is transacted, you will not be able to change your mind once you have confirmed that you wish to proceed with the Service or transaction.

15. Discontinuation of Services

15.1. We may, in our sole discretion and without cost to you, with or without prior notice and at any time, modify or discontinue, temporarily or permanently, any portion of our Services. You are solely responsible for storing, outside of the Services, a backup of any Account and Private Key pair that you maintain in your Wallet.

15.2. If you do not maintain a backup of your Account data outside of the Services, you will be may not be able to access serey, serey Dollars and serey Power associated with any Account Name maintained in your Account in the event that we discontinue or deprecate the Services.

16. Suspension or Termination of Service.

16.1. We may suspend or terminate your access to the Services in our sole discretion, immediately and without prior notice, and delete or deactivate your Account and all related information and files in such without cost to you, including, for instance, in the event that you breach any term of these Terms. In the event of termination, your access to funds will depend on your access to your backup of your Account data including your Account Name and Private Keys.

17. User Conduct

17.1. When accessing or using the Services, you agree that you will not commit any unlawful act, and that you are solely responsible for your conduct while using our Services. Without limiting the generality of the foregoing, you agree that you will not:

17.1.1. Use our Services in any manner that could interfere with, disrupt, negatively affect or inhibit other users from fully enjoying our Services, or that could damage, disable, overburden or impair the functioning of our Services in any manner;

17.1.2. Use our Services to pay for, support or otherwise engage in any illegal activities, including, but not limited to illegal gambling, fraud, money- laundering, or terrorist activities.

17.1.3. Use any robot, spider, crawler, scraper or other automated means or interface not provided by us to access our Services or to extract data;

17.1.4. Use or attempt to use another user’s Wallet without authorization;

17.1.5. Attempt to circumvent any content filtering techniques we employ, or attempt to access any service or area of our Services that you are not authorized to access;

17.1.6. Introduce to the Services any virus, Trojan, worms, logic bombs or other harmful material;

17.1.7. Develop any third-party applications that interact with our Services without our prior written consent;

17.1.8. Provide false, inaccurate, or misleading information; or

17.1.9. Encourage or induce any third party to engage in any of the activities prohibited under this Section.

17.1.10. Reverse engineer any aspect of Serey or do anything that might discover source code or bypass or circumvent measures employed to prevent or limit access to any Serey Content, area or code of Serey.

18. Third-Party Content and Sites

Serey may include links and other content owned or operated by third parties, including advertisements and social “ widgets” (we call these “Third-Party Content“). You agree that Serey is not responsible or liable for Third-Party Content and that you access and use Third-Party Content at your own risk. Your interactions with Third-Party Content are solely between you and the third party providing the content. When you leave Serey, you should understand that these Terms no longer govern and that the terms and policies of those third-party sites or services will then apply.

19. Feedback

You may submit questions, comments, feedback, suggestions, and other information regarding Serey (we call this “Feedback“). You acknowledge and agree that Feedback is non-confidential and will become the sole property of Serey. Serey shall own exclusive rights, including, without limitation, all intellectual property rights, in and to such Feedback and is entitled to the unrestricted use and dissemination of this Feedback for any purpose, without acknowledgment or compensation to you. You agree to execute any documentation required by Serey to confirm such assignment to Serey.

20. Copyright Complaints

Serey respects the intellectual property of others by not reading infringed content from the serey blockchain. If you believe that your work has been copied in a way that constitutes copyright infringement, you may notify Serey’ s Designated Agent by contacting:

Please see 17 U.S.C. §512(c)(3) for the requirements of a proper notification. You should note that if you knowingly misrepresent in your notification that the material or activity is infringing, you may be liable for any damages, including costs and attorneys’ fees, incurred by Serey or the alleged infringer, as the result of Serey’s relying upon such misrepresentation in removing or disabling access to the material or activity claimed to be infringing.

21. Disclaimers

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, SEREY AND THE SEREY CONTENT ARE PROVIDED ON AN “ AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT AND ANY WARRANTIES IMPLIED BY ANY COURSE OF PERFORMANCE OR USAGE OF TRADE. SEREY DOES NOT REPRESENT OR WARRANT THAT SEREY AND THE SEREY CONTENT: (A) WILL BE SECURE OR AVAILABLE AT ANY PARTICULAR TIME OR LOCATION; (B) ARE ACCURATE, COMPLETE, RELIABLE, CURRENT OR ERROR-FREE OR THAT ANY DEFECTS OR ERRORS WILL BE CORRECTED; AND (C) ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. YOUR USE OF SEREY AND THE SEREY CONTENT IS SOLELY AT YOUR OWN RISK. SOME JURISDICTIONS DO NOT ALLOW THE DISCLAIMER OF IMPLIED TERMS IN CONTRACTS WITH CONSUMERS, SO SOME OR ALL OF THE DISCLAIMERS IN THIS SECTION MAY NOT APPLY TO YOU.

22. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL SEREY OR THE SEREY PARTIES BE LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES, OR ANY OTHER DAMAGES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO, LOSS OF USE, LOSS OF PROFITS OR LOSS OF DATA, WHETHER IN AN ACTION IN CONTRACT, TORT (INCLUDING, BUT NOT LIMITED TO, NEGLIGENCE) OR OTHERWISE, ARISING OUT OF, OR IN ANY WAY CONNECTED WITH, THE USE OF, OR INABILITY TO USE, SEREY OR THE SEREY CONTENT. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL THE AGGREGATE LIABILITY OF SEREY OR THE SEREY PARTIES, WHETHER IN CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), PRODUCT LIABILITY, STRICT LIABILITY OR OTHER THEORY, ARISING OUT OF OR RELATING TO: (A) THE USE OF OR INABILITY TO USE SEREY OR THE SEREY CONTENT; OR (B) THESE TERMS EXCEED ANY COMPENSATION YOU PAY, IF ANY, TO SEREY FOR ACCESS TO OR USE OF SEREY.

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES, SO SOME OR ALL OF THE EXCLUSIONS AND LIMITATIONS IN THIS SECTION MAY NOT APPLY TO YOU.

23. Modifications to Serey

Serey reserves the right to modify or discontinue, temporarily or permanently, Serey, or any features or portions of Serey, without prior notice. You agree that Serey will not be liable for any modification, suspension or discontinuance of Serey, or any part of Serey.

24. Arbitration

PLEASE READ THE FOLLOWING SECTION CAREFULLY BECAUSE IT REQUIRES YOU TO ARBITRATE CERTAIN DISPUTES WITH SEREY AND LIMITS THE MANNER IN WHICH YOU CAN SEEK RELIEF FROM SEREY.

24.1. Binding Arbitration

Except for disputes in which either party seeks to bring an individual action in small claims court or seeks injunctive or other equitable relief for the alleged unlawful use of copyrights, trademarks, trade names, logos, trade secrets or patents, you and Serey: (a) waive your right to have any and all disputes or Claims arising from these Terms or Serey (collectively, “Disputes“) resolved in a court; and (b) waive your right to a jury trial. Instead, you and Serey will arbitrate Disputes through binding arbitration (which is the referral of a Dispute to one or more persons charged with reviewing the Dispute and making a final and binding determination to resolve it, instead of having the Dispute decided by a judge or jury in court).

24.2. No Class Arbitrations, Class Actions or Representative Actions

YOU AND SEREY AGREE THAT ANY DISPUTE IS PERSONAL TO YOU AND SEREY AND THAT ANY SUCH DISPUTE WILL BE RESOLVED SOLELY THROUGH INDIVIDUAL ARBITRATION AND WILL NOT BE BROUGHT AS A CLASS ARBITRATION, CLASS ACTION OR ANY OTHER TYPE OF REPRESENTATIVE PROCEEDING. NEITHER PARTY AGREES TO CLASS ARBITRATION OR TO AN ARBITRATION IN WHICH AN INDIVIDUAL ATTEMPTS TO RESOLVE A DISPUTE AS A REPRESENTATIVE OF ANOTHER INDIVIDUAL OR GROUP OF INDIVIDUALS. FURTHER, YOU AND SEREY AGREE THAT A DISPUTE CANNOT BE BROUGHT AS A CLASS, OR OTHER TYPE OF REPRESENTATIVE ACTION, WHETHER WITHIN OR OUTSIDE OF ARBITRATION, OR ON BEHALF OF ANY OTHER INDIVIDUAL OR GROUP OF INDIVIDUALS.

24.3. Federal Arbitration Act

You and Serey agree that these Terms affect interstate commerce and that the enforceability of this Section 14 shall be governed by, construed and enforced, both substantively and procedurally, by the Federal Arbitration Act, 9 U.S.C. § 1 et seq. (the “FAA”) to the maximum extent permitted by applicable law.

24.4. Process

You and Serey agree that you will notify each other in writing of any Dispute within thirty (30) days of when it arises so that the parties can attempt, in good faith, to resolve the Dispute informally. Notice to Serey shall be provided by filling out the form available at https://serey.io/contact/ or sending an email to [email protected]. Your notice must include: (1) your name, postal address and email address; (2) a description of the nature or basis of the Dispute; and (3) the specific relief that you are seeking. If you and Serey cannot agree how to resolve the Dispute within thirty (30) days of Serey receiving the notice, either you or Serey may, as appropriate pursuant to this Section 14, commence an arbitration proceeding or file a claim in court. You and Serey agree that any arbitration or claim must be commenced or filed within one (1) year after the Dispute arose; otherwise, you and Serey agree that the claim is permanently barred (which means that you will no longer have the right to assert a claim regarding the Dispute). You and Serey agree that: (a) any arbitration will occur in San Francisco County, California; (b) arbitration will be conducted confidentially by a single arbitrator in accordance with the rules of JAMS; and (c) the state or federal courts in California will have exclusive jurisdiction over the enforcement of an arbitration award and over any Dispute between the parties that is not subject to arbitration. You may also litigate a Dispute in small claims court located in the county where you reside if the Dispute meets the requirements to be heard in small claims court.

24.5. Authority of Arbitrator

As limited by the FAA, these Terms and applicable JAMS rules, the arbitrator will have: (a) the exclusive authority and jurisdiction to make all procedural and substantive decisions regarding a Dispute; and (b) the authority to grant any remedy that would otherwise be available in court. The arbitrator may only conduct an individual arbitration and may not consolidate more than one individual’ s claims, preside over any type of class or representative proceeding or preside over any proceeding involving more than one individual.

24.6. Rules of JAMS

The rules of, and additional information about, JAMS are available on the JAMS website at http://www.jamsadr.com/, as may be updated from time to time. By agreeing to be bound by these Terms, you either: (a) acknowledge and agree that you have read and understand the rules of JAMS; or (b) waive your opportunity to read the rules of JAMS and any claim that the rules of JAMS are unfair or should not apply for any reason.

24.7. Severability

If any term, clause or provision of this Section 14 is held invalid or unenforceable, it will be so held to the minimum extent required by law and all other terms, clauses or provisions will remain valid and enforceable. Further, the waivers set forth in Section 24.2 are severable from the other provisions of these Terms and will remain valid and enforceable, except as prohibited by applicable law.

25. Applicable Law and Venue

These Terms and your access to and use of Serey and the Serey Content will be governed by, and construed in accordance with, the laws of California, without resort to its conflict of law provisions. To the extent the arbitration provision in Section 14 does not apply and the Dispute cannot be heard in small claims court, you agree that any action at law or in equity arising out of, or relating to, these Terms shall be filed only in the state and federal courts located in San Francisco County, California and you hereby irrevocably and unconditionally consent and submit to the exclusive jurisdiction of such courts over any suit, action or proceeding arising out of these Terms.

26. Termination

Serey reserves the right, without notice and in our sole discretion, to terminate your license to access and use Serey and to block or prevent your future access to, and use of, Serey.

27. Severability

If any term, clause or provision of these Terms is deemed to be unlawful, void or for any reason unenforceable, then that term, clause or provision shall be deemed severable from these Terms and shall not affect the validity and enforceability of any remaining provisions.